These pension trusts are designed for Bermuda employers who are required to provide registered pension plans for their employees in accordance with the National Pension Scheme (Occupational Pensions) Act 1998, “the Act”:
This Financial Institution Pension Plan (FIPP) established in 1997 offers employers and their members a range of investment options including the Butterfield Select Funds, a fund-of-funds, multi-manager product. The use of the Butterfield Select Funds adds diversification and access to alternative investment strategies.
We also offer non-registered Pension Trusts for non-Bermudian employees. Many employers elect to establish two trusts: one for Bermudian employees and their husbands and wives, which is registered with the Pension Commission and a separate non-registered trust which may be established for all other employees. We can assist with the details and establishment of this type of trust.
At Butterfield, our experienced team of professionally qualified and experienced trust, pension, legal and customer service staff will ensure that your member benefits are well secured and professionally administered.
Trust business in Bermuda is regulated by the Bermuda Monetary Authority.
Butterfield Trust (Bermuda) Limited is a wholly-owned subsidiary of The Bank of N.T. Butterfield & Son Limited and is licensed to conduct trust business by the Bermuda Monetary Authority.